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The public has delayed it, but now they're selling stocks to meet current expenses.
- Thread starter wilburbear
- Start date
September is the weakest month in the stock market anyway.
Now we've got the public cashing out stocks for non-discretionary items.
Dow down 69.
Now we've got the public cashing out stocks for non-discretionary items.
Dow down 69.
Quote from xburbx:
i guess this is what happens when people can't learn to live within their means.
just dripping with self-righteousness are we? I know a guy that talks like that all the time, he has his money in a mattress and never bought a house in his life... his hopes hinge on rent control and bargains, LOL...
My 1M+ Clients aren't pulling anything more than their usual income. I'll note that many are buying alternatives such as physical gold/silver, and some distressed real estate.
On the other side of the coin, I have some Clients who are friends, family member, etc., referrals of my 1M+ Clients. I took many in who had about 50m, and in the last year, they're pulling more, and more out of their accounts to pay bills.
I thought it would be a broad statement when I was telling my Wife about this recently, so I decided to compare the #'s of Clients wanting large distributions vs. the usual income Clients. Looks like 76% of the people I have with 50m or less are the one's having to rob Peter to pay Paul. It's sad. I hate to see it.
Sign of the hard times...
On the other side of the coin, I have some Clients who are friends, family member, etc., referrals of my 1M+ Clients. I took many in who had about 50m, and in the last year, they're pulling more, and more out of their accounts to pay bills.
I thought it would be a broad statement when I was telling my Wife about this recently, so I decided to compare the #'s of Clients wanting large distributions vs. the usual income Clients. Looks like 76% of the people I have with 50m or less are the one's having to rob Peter to pay Paul. It's sad. I hate to see it.
Sign of the hard times...
nope, just saying that taking responsibility and living within your means goes a long way and it shouldnt be the minority
Quote from Eight:
just dripping with self-righteousness are we? I know a guy that talks like that all the time, he has his money in a mattress and never bought a house in his life... his hopes hinge on rent control and bargains, LOL...